Tax & Bankruptcy Blog
The Atlanta tax and bankruptcy attorneys at Wiggam & Geer are dedicated to helping their Georgia clients (both individuals and businesses) solve their financial problems. Part of that commitment includes making sure our clients stay up to date with relevant news. Whether you’re faced with filing for bankruptcy or need help navigating problems with the IRS or a Georgia tax authority, we’re here to keep you informed with the Wiggam & Geer Tax & Bankruptcy Blog. If you need answers about your specific situation, contact us to schedule a case consultation in Atlanta and see how we can get the best resolution for you.
Judgment Liens in Georgia
Imagine this scenario: you've been sued by someone who claims you either owe them money for a debt or you've wronged them somehow, and you should be liable for the damage you've caused. After going through the motions (no pun intended), you lose your case, and the...
Trust Fund Recovery Penalties: What are they?
Trust Fund Recovery Penalties: What are they? When a business is struggling with its cash flow, an owner, director, or even a payroll employee may be tempted to briefly dip into the trust fund taxes already collected and withheld from staff. But the IRS has a strong...
To Avoid Fines and Possible Disbarment, Attorneys Should File Tax Returns Even When They Cannot Pay
To Avoid Fines and Possible Disbarment, Attorneys Should File Tax Returns Even When They Cannot Pay What happens if an individual, specifically an attorney, cannot pay their annual income taxes? The IRS advises not to panic and to still file a return without payment....
Missed Estimates Can Lead to Steep Penalties, Particularly for Attorneys
Missed Estimates Can Lead to Steep Penalties, Particularly for Attorneys Attorneys, particularly sole practitioners who tend to have uneven monthly income as well as partners and firm owners who receive draws instead of or above regular salaries, often must pay...
IRS Unveils the “Dirty Dozen” Tax Scams of 2020
The IRS has revealed its annual “Dirty Dozen” list of tax scams, and as might be expected the 2020 top 12 include coronavirus-related schemes. These range from stealing economic impact payments (EIPs) to enticing taxpayers to donate to fake coronavirus related...
Attorneys Can Face Stiff Penalties for Failure to Pay and File Payroll Tax Returns
Attorneys Can Face Stiff Penalties for Failure to Pay and File Payroll Tax Returns Law firms are subject to the same payroll tax laws and guidelines as other businesses, along with the same penalties for willfully or unwilfully following those laws. Unlike other...
Syndicated Conservation Easements: IRS Offers Settlements While Warning of Continued Pursuit
Syndicated Conservation Easements: IRS Offers Settlements While Warning of Continued Pursuit The IRS continues its crackdown on syndicated conservation easements. On June 25, the agency issued a limited-time settlement offer to taxpayers who are already in litigation...
Navigating The New Norm In A Post-Pandemic World
Partner Jason Wiggam participates as a panelist in this discussion covering legislation that was implemented under all 3 stimulus bills (FFCRA, CARES, Phase “III”). https://www.youtube.com/watch?v=cKXtblqC-x4&feature=youtu.be
Wiggam & Geer Announces New Partner
Wiggam & Geer is proud to announce that Judson Mallory has been promoted to partner. Mallory, who most recently served as a senior attorney with the firm, represents individuals and businesses in IRS and state tax matters. During his years with the firm, he has...
Wiggam & Geer Is Re-Opening, with Masks, Social Distancing, and Pre-Scheduled Appointments
Following months of working at home and virtual meetings, Wiggam & Geer is reopening its office. Beginning on July 6, our attorneys and staff will be returning to the office. We will be seeing clients on an appointment-only basis when necessary. To do our part in...